Highest-materiality recent filing
Second Amendment to Credit Agreement with Texas Capital Bank and other lenders dated June 25, 2026.
Hallador Energy appoints Matthew White as Chief Legal Officer effective June 8, 2026
Annual base salary of $500,000, pro-rated from June 8, 2026.
Hallador selected for $27.2M DOE award to modernize Merom Generating Station
DOE selected Hallador Power subsidiary for up to $27.2M federal funding; total project cost ~$56.9M.
Hallador subsidiary receives MSHA imminent danger order at Oaktown mine
On May 28, 2026, Sunrise Coal received an MSHA imminent danger order (Section 107(a)) at Oaktown Fuels Mine No. 1 (MSHA ID 12-02394).
Hallador Energy acquires 460 MW Siemens turbines for $350M to advance Merom gas project
Purchase price $350M ($760/kW) plus ~$100M transport/refurb; total delivered cost ~$450M.
Hallador Energy shareholders elect all director nominees, ratify auditors at 2026 annual meeting
All eight director nominees elected; Brent Bilsland received 29,189,874 votes for, Zarrell Gray 25,326,224.
Hallador reports Q1 net loss $9.3M; signs $1B+ capacity agreement through 2040
Q1 total revenue $101.8M, down from $117.7M YoY; net loss $9.3M vs net income $10.0M.
Hallador Energy forms Risk Committee; Hudson appointed Chair with $25K retainer
Board approved new Risk Committee on May 1, 2026 to oversee enterprise risk management.
Hallador Energy CEO salary raised to $800k; $1M target bonus opportunities for top executives
Base salary increases: CEO Bilsland from $675k to $800k; CFO Telesz $500k to $525k; COO Lovell $450k to $500k, effective April 1, 2026.
Hallador subsidiary receives MSHA imminent danger order at Oaktown Mine No. 1; company contests
On March 25, 2026, Sunrise Coal received a Section 107(a) imminent danger order at Oaktown Fuels Mine No. 1 (MSHA ID 12-02394).
Hallador FY2025 net income $41.9M vs -$226M loss; revenue up 16% to $469.5M
Adjusted EBITDA tripled to $56.0M; operating cash flow +23% to $81.1M.
Hallador closes $120M senior secured credit facilities, replacing PNC facility
New facilities: $75M revolver and $45M delayed draw term loan, maturing Mar 5, 2029.
Hallador Energy appoints Daniel Hudson to Board, promotes Heath Lovell to COO
Board expands to 7 members, 6 independent; Daniel Hudson appointed effective March 6, 2026.
Hallador Energy raises ~$53.6M net in public offering; terminates prior ATM program
Terminated ATM Sales Agreement with B. Riley Securities effective Jan 18, 2026; no penalties.
Hallador Energy appoints Barbara Sugg to board, replacing David Hardie after 35 years
David Hardie resigned effective Jan 1, 2026; no disagreement with company.
Hallador Energy appoints Eric Van Deman as Chief Accounting Officer and SVP
Effective Dec 1, 2025; Van Deman previously VP Accounting Policy at Liberty Global plc, earlier KPMG senior manager.
Hallador Q3 revenue up 40% YoY to $146.8M; files ERAS for 525MW gas expansion
Net income of $23.9M ($0.56 EPS) vs $1.6M in Q3 2024; Adjusted EBITDA $24.9M (up 1.6x).
Hallador Energy Q2 net income $8.2M; revenue up 10% to $102.9M
Net income of $8.2M ($0.19 EPS) vs loss of $10.2M in Q2 2024.
Hallador appoints Todd Telesz as CFO effective June 23; Marjorie Hargrave departs
Todd Telesz, former Tri-State G&T CFO and Basin Electric CEO, appointed CFO effective June 23, 2025.
Hallador Energy shareholders approve RSU plan amendment and elect directors at 2025 annual meeting
Shareholders approved an additional 2,000,000 shares for the RSU Plan and extended its term to May 29, 2035.
Hallador Energy: datacenter developer terminates conversion transaction commitment on May 19
Counterparty terminated Conversion Transaction Commitment Agreement (effective Jan 2, 2025) on May 19, 2025.
Hallador Q1 2025 net income $10M vs loss; revenue up 6% to $117.8M
Net income $10.0M ($0.23 EPS) vs Q1 2024 loss of $1.7M; Adjusted EBITDA $19.3M (3x YoY).
Q4 total revenue $94.2M (FY $404.4M); electric sales $69.7M (74% of total) vs $37.1M (31%) a year ago.
Hallador signs exclusive data center commitment agreement; up to $5M milestone payments
Entered exclusive 105-business-day commitment agreement with leading global data center developer for potential Indiana project.
Hallador Q3 net income $1.6M vs Q2 loss; signs data center term sheet
Total revenue $105M (+12% QoQ); electric sales $71.7M (21% increase QoQ).
Hallador Energy amends credit agreement to allow forward PPAs; revises financial covenants
Debt service coverage test deferred to June 30, 2025; max leverage 5.50x through Mar 2025, then 2.25x.
Hallador Q2 net loss $10.2M; revenue $90.9M; adjusted EBITDA loss $5.8M
Q2 revenue $90.9M vs $161.2M a year ago; net loss $10.2M ($0.27/sh) vs net income $16.9M.
Hallador Energy exchanges $11M convertible notes for 2.09M shares of common stock
Exchanged $10M note (ALJ Investment Company) + $1M note (Hallador Alternative Assets Fund) with accrued interest.
Elected 6 directors: Brent Bilsland (24.8M for), Zarrell Gray (25.1M), David Hardie (22.3M), Bryan Lawrence (22.3M), David Lubar (22.2M), Charles Wesley (17.0M for vs 8.7M withheld).
Hallador Q1 net loss $1.7M, revenue falls 42% YoY; power ops surpass coal
Net loss of $1.7M ($0.05/sh) vs prior-year profit $22.1M; revenue $109.7M down from $188.3M.
Hallador corrects coal cost per ton: $44.94 vs $33.67 previously
Average cost per ton of coal sold for 2023 corrected to $44.94 ($52.76 after eliminating intercompany sales).
Hallador Energy appoints Marjorie Hargrave as new CFO, effective April 10, 2024
Appointed Marjorie Hargrave as CFO effective April 10, 2024; succeeds Lawrence D. Martin.
Net income $44.8M ($1.35 basic EPS), up from $18.1M in 2022; operating cash flow $59.4M.
Hallador Energy restructures Sunrise Coal Division, idles high-cost mines, cuts 110 jobs
Idles Freelandville and Prosperity Mines; reduces coal production capex by ~$10M in 2024.
Hallador Energy enters $50M ATM equity offering with B. Riley Securities
Entered at-market issuance sales agreement to sell up to $50M of common stock.
Hallador reports record 9-month net income of $55.0M; secures $325M in future sales
Record 9-month net income $55.0M ($1.66 basic EPS) vs loss of $11.9M in 2022; adj. EBITDA $105.2M.
Chief Accounting Officer R. Todd Davis resigns effective Dec 1, 2023
Davis notified Hallador on Sept 5, 2023 of his resignation as CAO, effective Dec 1, 2023.
Hallador reports record H1 net income of $39M; leverage ratio falls to 0.94x
Net income of $16.9M (Q2) and $39.0M (H1); diluted EPS $0.51 and $1.18 respectively.
Hallador Enters $140M Credit Facility Through 2026; Liquidity Increases to $56.9M
Converts $65M of funded debt into term loan maturing March 31, 2026; adds $75M revolver maturing July 31, 2026.
Hallador files Merom Station financials; revenue $256.5M, net income $7.3M for 9mo Sep 2022
Merom Station revenue $256.5M for 9M Sep 2022 vs $218.8M prior year; net income $7.3M vs $5.9M.
Hallador Energy annual meeting results: all director nominees elected, compensation approved
All five director nominees elected; Brent Bilsland received 19.99M votes for, Charles Wesley 14.56M.
Hallador Energy Q1 2023 net income $22.1M, EPS $0.67; coal margins surge
Q1 revenue $188.3M (vs $58.9M in Q1 2022); net income $22.1M vs loss $10.1M a year ago.
Hallador Energy posts full-year 2022 net income $18.1M; revenue up 46% to $362M
Net income $18.1M ($0.57/share) vs. net loss $3.8M in 2021; revenue $362M (+46% YoY).
Hallador completes Merom 1-GW power plant acquisition; pro forma net income positive
Consideration includes $184.5M PPA liability, $34.3M coal contract asset, ~$17M coal inventory.
Net income $1.6M ($0.05 EPS); adjusted EBITDA $18.4M on revenue of $85M.
Hallador completes acquisition of 1-GW Merom Generating Station from Hoosier Energy
Assumed decommissioning & environmental liabilities with estimated cost of $20M.
Ninth Amendment to credit agreement with PNC as administrative agent, executed Sept 28, 2022.
Hallador Energy dismisses Plante & Moran, appoints Grant Thornton as auditor
Dismissed Plante & Moran as independent auditor, effective Sept 27, 2022; prior reports were unmodified.
Hallador Energy Q2 net loss $3.4M, adj. EBITDA $11.5M; secures forward sales >$125/ton
Net loss of $3.4M ($0.11 per share); adjusted EBITDA $11.5M for Q2 2022.
Hallador Energy amends credit facility, issues $4M convertible notes to directors
Eighth amendment to credit agreement: max leverage ratio raised to 4.50x, debt service coverage waived for Q3 2022.
On June 8, 2026, Hallador Energy Company (the “Company”) appointed Matthew Bradford White as the Company’s Chief Legal Officer, effective as of June 8, 2026.
On March 25, 2024, the Company appointed Marjorie Hargrave as its new Chief Financial Officer, effective April 10, 2024, to succeed Lawrence D. Martin.
On March 25, 2024, the Company appointed Marjorie Hargrave as its new Chief Financial Officer, effective April 10, 2024, to succeed Lawrence D. Martin.
On September 5, 2023, R. Todd Davis notified Hallador Energy Company (the “Company) of his resignation as Chief Accounting Officer of the Company, to be effective on December 1, 2023.
Max materiality 0.85 · Median 0.62 · Most common event earnings